Correction: San Marcos Did Not Adopt a $15 Minimum Wage

Editor's Note:A previous version of this article stated that San Marcos adopted a $15 minimum wage; however, that is incorrect. San Marcos adopts the current federal minimum wage rate set at $7.25. In February, the San Marcos City Council voted to require all businesses seeking jobs-based economic incentives to pay no less than $15.00 per hour, which is considered a "family living wage," plus benefits equal to what other full-time employees receive.

The booming Texas town of San Marcos grew more than 7.9 percent from 2013 to 2014 to 55,892 people. The City of San Marcos was named the fastest growing city in America by the US Census Bureau in 2015.

With its growth in population, the City of San Marcos believes its number of jobs will grow too. In order to keep up with the growth, San Marcos enacted a family living wage policy for businesses seeking jobs-based economic incentives.

San Marcos city councilman Scott Gregson told KTBCthe $15 wage was about creating a "bottom line" for businesses. At the same time, Gregson said the wage also allows families to house, feed, and educate their children.

San Marcos doesn't look to be slowing down anytime soon. The last Census Bureau check of San Marcos placed the city's population at 60,684.